System would cut prices as items near expiration

A startup called Wasteless is offering grocers a system designed to lower the prices of items automatically as they approach their expiration dates, hoping to cut down on food waste. Electronic shelf labels also help the system alert the store if an item is nearly out of stock.

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Your July FoodBytes

Do words like “blockchain” and “cryptocurrency” make you think “confusing gobbledygook?” You aren’t alone: three out of four consumers say they’ve never heard of blockchain or have no idea what it means. Yet some of the biggest food brands in the world are betting on these technologies to transform the future of the industry. In this month’s FoodBytes, you’ll discover why and learn the basics behind these potentially revolutionary tools.

Datassential – FoodBytes – July 2018

Amazon makes another disruptive move

Amazon announced Thursday that it is acquiring PillPack, which is an online pharmacy that provides a medication delivery system through pre-sorted dose packaging, coordinates refills and renewals, and ensure medications are shipped on time.

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Conagra Brands to acquire Pinnacle Foods

Conagra Brands, Inc. has entered into an agreement to acquire Pinnacle Foods, Inc., Parsippany, N.J., for approximately $10.9 billion. The transaction has been approved by the boards of directors for both companies and is expected to be completed by the end of 2018.

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Pilgrim’s Pride made a preliminary offer for Hain Celestial’s protein business

Pilgrim’s Pride made a preliminary offer for Hain Celestial’s protein business, according to a person familiar with the matter. The source claims Hain is in the process of selling Hain Pure Protein, its chicken and turkey division, to make its remaining snack food company more attractive to a buyer. Final bids are due in mid-July, and the sale is expected to amount to about $700 million, reported New York Post.

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